Oil states to cut production
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Oil states to cut production
SAUDI Arabia, Venezuela and Mexico said in a joint statement that they would work together to cut world oil production, the official Saudi Press Agency reported. The statement, issued after a surprise meeting of oil ministers in the Saudi capital , said they had agreed to "co-operate with the remaining members of the Organisation of Petroleum Exporting Countries and other producers from outside Opec to remove the over-supply in the market by between 1.6 and 2 million barrels of oil per day". Crude prices have dropped about 26 per cent since November when Opec announced its intention to boost production quotas by 10 per cent.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments